SAQA All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.
SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD THAT HAS PASSED THE END DATE: 

Administer basic asset related transactions 
SAQA US ID UNIT STANDARD TITLE
117108  Administer basic asset related transactions 
ORIGINATOR
SGB Insurance and Investment 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 03 - Business, Commerce and Management Studies Finance, Economics and Accounting 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 3  NQF Level 03  5 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Passed the End Date -
Status was "Reregistered" 		 2018-07-01  2023-06-30  SAQA 06120/18 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2026-06-30   2029-06-30  

In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise.  

This unit standard does not replace any other unit standard and is not replaced by any other unit standard. 

PURPOSE OF THE UNIT STANDARD 
This unit standard introduces the knowledge and skills needed to administer basic asset related transactions for local or foreign investments in asset management companies, Collective Investment Scheme Managers or Linked Investment Service Providers. It is intended to enable clerical workers and administration staff to understand the big picture and where they fit into the asset transaction process. The Unit Standard indicates the minimum knowledge required to perform the basic administration function and learners are not required to make decisions.

The qualifying learner is capable of:
  • Explaining the transactions related to different asset classes.
  • Explaining the asset administration process after a decision to trade an asset has been made.
  • Updating the market values of underlying investments in an asset portfolio.
  • Compiling a report for a client.
  • Applying knowledge of compliance to manage risk in asset administration. 
    		•

    LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    There is open access to this unit standard. Learners should be able to use the required computer technology and should be competent in Communication and Mathematical Literacy at level 2. 

    UNIT STANDARD RANGE 
    The typical scope of this unit standard is collective investment scheme both local and foreign, and transactions through a LISP:
  • Investment instruments include, but are not limited to, equities, bonds (capital market instruments) money market instruments, participative interest in collective investment schemes and other financial instruments.
  • Electronic systems include, but are not limited to back office, front office, custodian/trustee, broker and strates.
  • Corporate events include, but are not limited to, unbundling, mergers and acquisitions.
  • Factors that influence value include, but are not limited to, accruals, provision, audit fees, discount, amortisation, interest and corporate actions.
  • Role players include, but are not limited to, auditors, the FSB, client, custodian/trustees and SARS. 
    		•

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Explain the transactions related to different asset classes. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The different asset classes are identified and an indication is given of the transactions related to each class. 

    ASSESSMENT CRITERION 2 
    Ways in which the trade in different assets is recorded are explained with reference to the difference in different investment instruments. 

    ASSESSMENT CRITERION 3 
    The concept of a corporate event is explained and an indication is given of how such an event affects different investment instruments. 

    ASSESSMENT CRITERION 4 
    The terms of settlement associated with different instruments are outlined with reference to time frames and role players. 

    SPECIFIC OUTCOME 2 
    Explain the asset administration process after a decision to trade an asset has been made. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The steps in the asset administration process are outlined and an indication is given of the role players at each step. 

    ASSESSMENT CRITERION 2 
    The electronic systems used in asset transactions are identified with reference to the function of each system in the process. 

    ASSESSMENT CRITERION 3 
    The cycle used in trading in financial instruments is outlined graphically. 

    SPECIFIC OUTCOME 3 
    Update the market values of underlying investments in an asset portfolio. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The processes used to value different financial instruments are outlined with reference to the information source. 

    ASSESSMENT CRITERION 2 
    Values are updated in a specific portfolio. 

    ASSESSMENT CRITERION 3 
    Accounting procedures related to market values are identified and the values are calculated for a specific portfolio. 

    ASSESSMENT CRITERION 4 
    Other factors that influence the value of a portfolio are identified with examples. 

    SPECIFIC OUTCOME 4 
    Compile a report for a client. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    A valuation report is compiled for a client according to industry best practice. 

    ASSESSMENT CRITERION 2 
    A cash statement is compiled for a client according to industry best practice. 

    ASSESSMENT CRITERION 3 
    The role players in the investment industry are identified and an indication is given of the kind of report required by each player. 

    SPECIFIC OUTCOME 5 
    Apply knowledge of compliance to manage risk in asset administration. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    Issues of compliance that apply to a specific position are identified and an indication is given of the consequences of non-compliance. 

    ASSESSMENT CRITERION 2 
    Reasons why issues of compliance are central in the financial services industry are explained with examples. 

    ASSESSMENT CRITERION 3 
    The risks associated with the asset administration process are explained with examples. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
    This Unit Standard will be internally assessed by the provider and moderated by a moderator registered by a relevant accredited ETQA or an ETQA that has a Memorandum of Understanding with the relevant accredited ETQA. 

    UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    N/A 

    UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO ORGANISING 
    The learner is able to organise and manage him/herself and his/her activities responsibly and effectively in completing the required transactions within time specified in service level agreements. 

    UNIT STANDARD CCFO COLLECTING 
    The learner is able to collect, organise and critically evaluate information in order to complete the required transactions. 

    UNIT STANDARD CCFO COMMUNICATING 
    The learner is able to communicate effectively in compiling the different reports required by role players. 

    UNIT STANDARD CCFO SCIENCE 
    The learner is able to use technology effectively in using electronic systems for asset related transactions. 

    UNIT STANDARD ASSESSOR CRITERIA 
    N/A 

    REREGISTRATION HISTORY 
    As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015. 

    UNIT STANDARD NOTES 
    N/A 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Elective  49089   National Certificate: Financial Services  Level 3  NQF Level 03  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  INSETA 
    Elective  66613   Further Education and Training Certificate: Wealth Management  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  As per Learning Programmes recorded against this Qual 


    PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS UNIT STANDARD: 
    This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here.
     
    NONE 


    All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.